Honda NT700V Owner's Manual page 33

(Ref. Nr.) Description Function
(16) Low oil pressure indicator (red) Lights when the engine oil pressure is below normal
operating range. Should light when ignition switch is
ON and engine is not running. Should go out when
the engine starts, except for occasional flickering at
or near idling speed when engine is warm.
NOTICE
Running the engine with insufficient oil pressure may
cause serious engine damage.
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